Psychiatric Practice Financial Policy Agreement

Patient Financial Responsibility and Payment Terms

Psychiatry

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Last updated: Mar 24, 2025

Patient Information

Name: _________________________ Date of Birth: _____________ Chart Number: __________________ Date: ____________________

Financial Responsibility Agreement

1. Insurance and Payment Terms

  • I understand that I am financially responsible for all charges, whether covered by insurance or not
  • I agree to provide current insurance information and notify the practice of any changes
  • Co-payments are due at the time of service
  • Self-pay rates are payable in full at time of service

2. Appointment Policies

  • 48-hour cancellation notice is required
  • Late cancellations or no-shows will incur a fee of $___
  • Repeated no-shows may result in discharge from the practice

3. Insurance Claims

  • The practice will submit claims to my insurance carrier
  • I authorize payment of benefits directly to [Practice Name]
  • I understand that some services may not be covered by insurance

4. Outstanding Balances

  • Balances over 30 days old incur a monthly service charge of ____%
  • Accounts over 90 days past due may be referred to collections
  • I agree to pay all collection costs if applicable

5. Medication Management

  • Prescription refill requests outside of appointments may incur a fee
  • Prior authorization processing fees may apply

Acknowledgment

I have read and understand the financial policy of [Practice Name]. I agree to comply with these terms and accept responsibility for any payment due.

Signature: _________________________ Date: ____________

Print Name: ________________________


Practice Representative: _____________ Date: ____________

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